As the financial backbone of the U.S. travel industry, ARC enables commerce among travel agencies, airlines, and travel suppliers, and offers them secure and accurate financial settlement services. About 16,000 travel agencies and 190 airlines make up ... Facebook Twitter Pinterest

As the financial backbone of the U.S. travel industry, ARC enables commerce among travel agencies, airlines, and travel suppliers, and offers them secure and accurate financial settlement services. About 16,000 travel agencies and 190 airlines make up the ARC network. In 2011, ARC settled more than $82 billion worth of transactions between travel sellers and airlines. ARC also supplies transactional data to organizations, facilitating better business decisions through fact-based market analyses. Established in 1984, ARC is headquartered in ...

ARLINGTON, Va., Jan. 8, 2014 /PRNewswire/ -- ARC announced today that it has moved FareSight™, the company's Web-based tool for corporate air travel optimization, to general availability status. This release is the result of a successful beta program, which involved more than a dozen corporate travel managers.

FareSight accesses current and historic ARC data directly related to a travel manager's particular organization, and provides an analysis of their company's air travel patterns and spending. The tool also compares the company's average ticket price for any origin and destination with the overall market.

"As a corporate travel manager, FareSight allows me to pinpoint travel policy improvement opportunities by comparing our advance purchase and exchange rates to everyone traveling in the same markets as we are," said Rene Colyer, corporate travel department manager at Exelis, Inc. and board of directors member of the Corporate Travel Department Association (CTDA). "With FareSight, I also can validate the cost savings of our corporate air contracts by comparing our city pair airfares against the market average."

Corporate travel consultants and finance managers can harness FareSight's power to monitor and adjust corporate air travel policies, audit and negotiate airline ticket rates, and identify potential cost savings. FareSight can also help corporate travel managers profile travellers' preferences based on actual travel -- not just preference surveys or policy compliance.

"We are delighted to announce the release of FareSight based on the positive outcome of our beta testing program," said Doug Mangold, ARC's managing director of product management. "It was very gratifying to see the ease with which corporate travel managers effectively leveraged FareSight during beta testing, showing us that this is an intuitive product that provides an optimum user experience. ARC is indebted to our corporate beta users and the CTDA for allowing us to work with them to test FareSight. Their feedback was an important part of our development process and this newly released version."